Property in Mumbai - Five reasons to invest

by Shikha Desai Real Estate Advisor

Property in Mumbai has always been as precious as gold. It is a lifelong dream for most people who come to the city of dreams to own property here. But for the longest time now residential property in Mumbai has been out of reach for most people because of the sky-high rates. Property in Mumbai is said to be the second most expensive property in the world.

The economy is changing though, and with it projects in Mumbai too are becoming more affordable. Upcoming residential projects in Mumbai are designed and priced keeping in mind the masses and not just the classes.

If for some reason you’re wondering why you should invest in residential projects in Mumbai, here are five good reasons that settle all your doubts.

1. Best return on investment: New flats in Mumbai may cost a bomb, but there is no denying that they can also get you the best returns. Just by renting out a 2BHK flat in Mumbai you can earn a substantial living for an entire family. The high cost of real estate in justified in the high returns one gets when they put it on the market.

2. Commercial capital: If you’re a working individual then you know that Mumbai is the hub of all businesses and everything related to commerce. Whether you work in an MNC or have a business, being in Mumbai will grant you access to the entire industry and bring you opportunities that you may not get anywhere else.

3. Connectivity and accessibility: Mumbai is not only well connected other parts of the country but to other parts of the world as well. If you are someone who travels abroad or even anywhere in the country, you know that Mumbai is the hub for all travel. Even within the city you can rest assured that no matter what time of day or night it is, you can go down to the street and hail a taxi or and auto rickshaw that’ll take you wherever you want.

4. Best infrastructure in the country: Mumbai may be under construction right now, but there is no denying that this city has some of the country’s best infrastructure. Both commercial and residential property in Mumbai has a premium feel about it.

5. Budget housing: It’s no longer strictly true that all residential property in Mumbai is expensive. You can find new upcoming projects in Mumbai at highly competitive rates owing to the huge number of new construction taking place throughout the city.